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LXENF (Lithium Energi Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2024)


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What is Lithium Energi Exploration Long-Term Capital Lease Obligation?

Lithium Energi Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil.


Lithium Energi Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lithium Energi Exploration's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lithium Energi Exploration Long-Term Capital Lease Obligation Chart

Lithium Energi Exploration Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Long-Term Capital Lease Obligation
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Lithium Energi Exploration Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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Lithium Energi Exploration  (OTCPK:LXENF) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Lithium Energi Exploration Long-Term Capital Lease Obligation Related Terms

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Lithium Energi Exploration Business Description

Traded in Other Exchanges
Address
161 Bay Street, 27th Floor, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Lithium Energi Exploration Inc is a Canada-based exploration company. It is engaged in the acquisition, exploration, identification, and evaluation of assets in the lithium industry. The company mainly focuses on its portfolio of lithium properties. It holds an interest in the Laguna Caro Project, Antofalla North Project, and Antofalla South Project.

Lithium Energi Exploration Headlines

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